Ferguson – Mission-Critical Location

2275 E. Ginter Road, Tucson, AZ 85706

Property Description

Price: $2,120,000
Price Per/SF: $147.10
Land Area: ±3.00 AC
Cap Rate: 6.00%
Gross Leasable Area: ±14,412 Square Feet
Year Built: 1998

Investment Highlights

Ferguson (NYSE: FERG): A Highly Reputable, BBB+ Rated Industrial Tenant With Over 1,750 Locations Across the U.S. and Canada

Mission-Critical Location: Ferguson Has Operated at This Site for Over 30 Years and Recently Committed to a 10-Year Lease Extension, Underscoring the Site’s Importance

Capital Improvements: Ferguson’s Recent $250K Paving Upgrade Demonstrates Their Strong Commitment to This Location

 

High Credit Tenant

  • Strong Corporate Guarantee: Backed by a Tenant with Over $29 Billion in Annual Revenue
  • Market Leadership: Ferguson Is the Largest U.S. Distributor of Plumbing Supplies, PVF, Waterworks, and Fire and Fabrication Products
  • Publicly Traded: The Tenant Is Listed on the NYSE (FERG) With a Market Capitalization of $40.65 Billion
  • E-Commerce & Recession-Resilient: Ferguson’s Business Model Is Well-Suited to Thrive in Various Economic Condition

 

Strong Real Estate Fundamentals

  • Highly Desirable IOS Site: The Property Boasts a Large 3-Acre Lot, a Key Feature in Today’s Market
  • Long-Term Occupancy: Ferguson Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 1991
  • Prime Location: Strategically Positioned Between the I-10 and I-19 Freeways, Offering Easy Access to the Tucson Metro Area
  • Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition
  • Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market.
  • Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property

 

Broker of Record:

  • Ryan Sarbinoff
  • 2398 E. Camelback Road, Suite 300
  • Phoenix, AZ 85016
  • Phone: (602) 687-6700
  • License: BR375146000

Contact Information

James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

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